HDFC AMC: 11.3% market share in QAAUM of the mutual fund industry

https://youtu.be/9qP-xQkHt40?si=tfWuZVzB92T9RY8_ 

  • HDFC AMC: 11.3% market share in QAAUM of the mutual fund industry

  • On full year basis, the company's net profit increased 36.66% to Rs 1,945.88 crore on 27.38% rise in total income to Rs 3,162.43 crore in FY24 over FY23.
  • As on 31 March 2024, total live accounts stood at 16.6 million, unique customers as identified by PAN or PEKRN stands at 9.6 million compared to 44.6 million for the industry, a share of 22%.
  • The company said that 7.74 million systematic transactions with a value of Rs 29,300 crore processed during the month of March 2024.
  • QAAUM (quarterly average assets under management) of Rs 6,12,900 crore for the quarter ended March 2024, up 36.26% form Rs 4,49,800 crore in the same period a year ago, 11.3% market share in QAAUM of the mutual fund industry

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